LONDON (Reuters) - Bank of England Chief Economist Andy Haldane said on Wednesday he remained confident that Britain's economy was poised for a quick bounce-back as the country races ahead with its coronavirus vaccinations and restrictions are lifted. "My sense will be...
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By Katanga Johnson WASHINGTON (Reuters) - Asian markets will likely open mixed on Thursday after global equities dipped and U.S. investors considered which stock market sectors would most benefit from strengthening growth. Concerns about extended economic lockdowns in Europe and potential U.S. tax hikes also weighed on investor sentiment. "Rising interest rates, uncertainty of tax policy, concern over inflation all remain top...
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LONDON (Reuters) - Britain's BT said on Thursday it had met its target of extending full-fibre broadband to 4.5 million premises by the end of March, a week after it said it would accelerate its roll-out to 20 million homes and businesses by the late 2020s. Its Openreach networks arm said it...
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By Jody Godoy and Chris Prentice NEW YORK/WASHINGTON (Reuters) - The U.S. securities regulator has opened an inquiry into Wall Street's blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter. The U.S. Securities and Exchange Commission (SEC) in recent days sent letters to Wall Street banks...
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(Reuters) - Debt-ridden Ovintiv Inc said it had agreed to sell its Eagle Ford assets in Texas to Validus Energy for $880 million, as the oil and gas producer seeks to shore up its finances following a tumultuous year for the energy industry. Ovintiv, formerly known as Encana, moved its headquarters from Canada to the United States last year in the hopes...
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By Yasin Ebrahim Investing.com – The S&P 500 reversed its intraday gains to close lower Wednesday as tech stocks failed to take advantage of falling bond yields, with analysts warning of further choppy trades ahead. The S&P 500 was down 0.53%, the Dow Jones Industrial Average fell 0.01%, or 3 points, the Nasdaq Composite was down 2.01%. Unlike in recent sessions,...
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By Liz Moyer Investing.com -- Tech stocks weighed on markets Wednesday, dampening the Dow and pulling the Nasdaq down triple-digits. Early enthusiasm about the reopening trade lifted travel stocks and cyclicals, but the momentum faded as the afternoon session moved closer to the closing bell. It could be just a breather as stimulus checks continue to go out to qualifying individuals, something many expect...
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LONDON (Reuters) - British Prime Minister Boris Johnson suggested on Wednesday that some pubs might require customers to produce vaccine certificates, an idea that he had previously deemed unlikely. Almost 29 million people have received their first vaccine dose in Britain already in the fastest rollout in Europe, and there have been calls to open up the economy faster because of the...
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LONDON (Reuters) - Britain might have to toughen restrictions on arrivals from France, including hauliers, to defend against new variants of the COVID-19 virus spreading from the rest of Europe where the situation was difficult, Prime Minister Boris Johnson said. Britain has banned foreign travel until at least May 17, except for essential work, education or health reasons. Ministers are due to...
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By Dhirendra Tripathi Investing.com – Airbnb (NASDAQ:ABNB) shares slid more than 1% on Wednesday on fresh challenges just as the online rental aggregator was getting ready for business to bounce back after a year of lockdowns in various cities across the world. According to CNN, two European cities that are most popular with tourists, namely Florence and Venice, have put together a manifesto...
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